Section 2 reviews the money announcement effect
on interest rates.
At times, monetary policymakers wish to strengthen the market's sense of a more basic change in the thrust of policy through an announcement effect
, as well as through a change in the instrument itself.
Just as characteristics reflecting asymmetric information may affect the magnitude of the leakage, they may also affect the announcement effect
in response to management guidance.
The announcement effect
for each firm was computed as the cumulative abnormal return (CAR) for a particular event window around the announcement date.
To examine whether the announcement effect
is related to the nature of R&D spending change, we also analyze the return patterns for R&D-increasing and R&D-decreasing subsamples separately.
4) This pattern holds true in the sample of European bank mergers, with an average announcement effect
of around 11 percent for targets and around zero for acquirers.
She attributes the positive announcement effect
to reduction in agency costs that result from the increased monitoring provided by an additional large nonmanagerial shareholder(s).
Suresh and Gajendra,( 2012) analysed the right issue announcement effect
on share returns, by using event study methodology for Nifty stocks from 1995 to 2011.
In this research study, an in-depth investigation of the announcement effect
of corporate governance failures of some highly rated Nigerian commercial/deposit money banks, publicly announced by the Central Bank of Nigeria, is undertaken.
The increase in noise raises the tax option value of the stock and it is this value that generates the announcement effect
of stock splits.
Conservatives demand fiscal austerity, the announcement effect
of which will somehow attract global capital.
If there is significant announcement effect
of the stock prices, the null hypothesis of equal mean is rejected in favour of alternative hypothesis of equal mean.